Posts tagged "Wells Fargo’s ethics policy"

Can the Wells Fargo Brand Recover from a Tarnished Ethical Lapse?

The Truth always comes out.  That is an easy statement to make and one that I have lived over and over – especially when it comes to dumb stupid choices that I’ve made that have come back to bite me.  Wells Fargo, as a company, can certainly identify with it’s share of “in the media” challenges since the truth of millions of phony accounts, fake bank card PIN’s and fake email accounts came to the surface.  It seemed that Wells Fargo’s culture of ethics was lacking.

Wells Fargo fired some 5,300 employees and has paid well over $185 million in penalties and fines – and of course, apologized.

With all the negative publicity which has created costs and consequences well beyond what most folks could envision for Wells Fargo – where do they go now moving forward?

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Posted by Chuck Gallagher in Banking Ethics and tagged , ,